I often wonder whether I should return to school to get an MBA. I work in technology, work with entrepreneurs, and I run a company that deals with business planning, marketing planning and business strategy — all big topics in MBA programs. Brazen Careerist, Penelope, writes today in her post about whether MBA’s are becoming obsolete. It’s interesting to see that perhaps other people may begin to see the MBA as superfluous as I have struggled with whether an MBA would be worth it to me.
Don’t get me wrong – I would love to go back to school for 2 years, and spend some time studying. I would love to do an Executive MBA, but there are no good ones in my area. I have looked into programs like Duke and UT which have Executive MBA’s that you can do from far away, but they still require about 3 weeks per semester on campus. While running a company, and being a mommy to 2 young children all those options are just close to impossible. I have thought about perhaps getting an MBA once my kids are a little older, but even so its a tough proposition for me at this point in my career.
The other problem is that I feel that I would be getting the MBA just for the 3 letters. Not that I wouldn’t learn anything, but that after 12 years in the business world, many of those years focusing on entrepreneurship and business management, I look at many of the class offerings and feel like I would not get as much as I would like to from them. I feel like being in class with people with only 2-5 years of business experience would not do as much for me. Obviously an Executive MBA program would put me in a more “equal” footing with my classmates, but as I mentioned, even those programs seem almost impossible for me to manage at this point in my life and career.
It would be interesting to hear more from people further on in their careers — who have or have not done MBA’s and hear their thoughts. For someone who did one later in their career – was it worth it? Did you learn a lot? Do those 3 letters mean more then just the prestige and potential salary increase?